12959 Aldine Westfield Rd - Drug Store FOR SALE


Houston, TX 77039- Aldine
$2,688,000 USD
972-755-5205
12959 Aldine Westfield Rd, Houston, TX for Sale
$2,688,000 USD
Drug Store - FOR SALE
1/4
null | 8% Cap Rate

12959 Aldine Westfield Rd
Houston, TX 77039
Aldine


HIGHLIGHTS

  • Absolute Net Lease with 5.1 Years Remaining
  • Signalized Hard Corner Location on Aldine Westfield Road and Aldine Mail Route Road; Combined Traffic Counts Exceed 27,110 Vehicles per Day
  • More than 267,436 Residents Within a Five-Mile Radius
  • Large 1.39 Acre Parcel with Ample Parking and Multiple Access Points
  • Tenant Paid for the VillageMD Renovation at Their Own Expense
  • One Mile to Hardy Toll Road (60,500 VPD)

OVERVIEW

Offered for sale is the opportunity to acquire an absolute net lease Walgreens in Houston, Texas. The property consists of a 14,800-square-foot, freestanding building that sits on 1.39 acres of land. There are 4.3 years remaining on the current lease term and ten, 5-year options remaining.

FOR SALE DETAILS

PRICE

$2,688,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

-

APN/PARCEL ID

1218780010005

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.